Virgin Media Inc. (VMED), Tiffany & Co. (TIF): Billionaire Dan Loeb’s New Stock Picks From Q1

Page 1 of 2

Editor’s Note: Related tickers: Virgin Media Inc. (NASDAQ:VMED), Tiffany & Co. (NYSE:TIF), B/E Aerospace Inc (NASDAQ:BEAV), Anadarko Petroleum Corporation (NYSE:APC), Thermo Fisher Scientific Inc. (NYSE:TMO).

Several weeks after the end of each quarter, hedge funds and other notable investors submit their 13F filings to the SEC, disclosing to the public many of their long equity positions in U.S. stocks as of the end of the quarter. We track these filings in our database, allowing us to use the included information to develop investing strategies; we have found, for example, that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year;learn more about imitating hedge funds’ small cap picks.

what is a hedge fund

Investors can also look through 13Fs for stocks that top managers like, including those, which are new, compared to the previous filing and therefore could be taken as somewhat fresher picks. Here are the five largest positions by market value, which billionaire Dan Loeb’s Third Point;see the full filing on the SEC’s website,initiated between January and March of this year or see a history of the fund’s 13F filings:

Virgin Media Inc. (NASDAQ:VMED)

One of the fund’s largest holdings overall was its stake of 11 million shares in

Virgin Media Inc. (NASDAQ:VMED). Virgin Media Inc. (NASDAQ:VMED) is in the process of merging with Liberty Global; merger arbitrage is a common hedge fund strategy, as while the discount to the actual transaction price is usually small the return on investment is tied to the consummation of the merger and therefore is generally independent of market returns. In addition, hedge funds can often increase these returns through high leverage. The deal is expected to close within the next couple of months.

Tiffany & Co. (NYSE:TIF)

Tiffany & Co. (NYSE:TIF) was another of Third Point’s new stock picks as the fund bought 2.7 million shares during Q1. Markets are pricing in high future growth at the jeweler, with trailing and forward earnings multiples of 24 and 20 respectively. In contrast to this, Tiffany & Co. (NYSE:TIF)’s fiscal year ended in January and in the fourth quarter of that year sales and net income each grew by less than 5% versus a year earlier. As such we’re not sure what Loeb sees in Tiffany & Co. (NYSE:TIF), and we’d certainly be wary of counting on more earnings growth than is expected by often optimistic analysts.

The best of the rest

Third Point reported a position of 2 million shares in B/E Aerospace Inc (NASDAQ:BEAV), a $6.6 billion market cap provider of aircraft interior components such as seats and hospitality equipment. This stock is also priced for growth- specifically, it trades at 25 times trailing earnings- but business has been strong according to recent reports.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!